August 19, 2011

MCX India News19 Aug | MCX Online News Today 19 Aug

MCX Recommendation for Today
   Commodity              Action   Price    Stop Loss           Target Price
Gold MCX (Oct Fut)    Buy     26392    26182        26451/26503/26602/26704
Silver MCX (Oct Fut)  Buy    62551     62182       62552/62556/62556.5 

MCX Market Trend for different commodities:
MCX copper is at support levels of 402/397 and has resistance levels at 409/412 level. MCX Copper rose for the fourth time in five sessions as concern eased that the U.S. and global economies are faltering. The Gold prices remains at 26243/26092 support levels and has  resistance levels at 26489.5/26585 price. Gold climbed for a third day in London LME and same as in MCX market and approached a record as concern about Europe’s debt crisis.
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